Topic: Losses - page 2. (Read 269 times)
when I trade I set a price with a minimum of 2x higher than the price I memebeli it is a way so as not to risk loss but takes a long time depending on the good and bad market.
Personally I believe that greed is the basis of losses, trading is not for everyone.
- A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
- Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
- avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.
Trade needs patience, attention and concentration as well as intelligence
losses is nature on a bitcoin feild, but for me we really need to learn from our mistakes to avoid losses in the near future, I think we need to make a self study and put basis on our past mistakes to avoid losing an amount in our journey in this bitcoin feild. Bitcoin is an amazing ways to earn but if we don't have enoughf learning and patience we may be lose in the future. - A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
- Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
- avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.
Trade needs patience, attention and concentration as well as intelligence
Personally I believe that greed is the basis of losses, trading is not for everyone.
- A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
- Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
- avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.
Trade needs patience, attention and concentration as well as intelligence
- A clear strategy: In the end, trade is a gain from the losses of others, if you do not have a strategy, you are the loser.
- Reasonable profit level: Do not expose yourself to risk if you win the planned profit.
- avoid FOMO (fear of missing out): Do not panic when you see negative indicators and do not sell until you get the profit planned.
Trade needs patience, attention and concentration as well as intelligence
Perhaps the first step is simply to choose some coins in which you believe. And keep them at least until the end of the next bitcoin jerk. Or zero. Observe money management!
What do you guys think is a good approach to avoid losses when you trade?
Do you guys set a number before selling, for example, only trade when you have -5% or a +15% ? Any guide?
Do you guys set a number before selling, for example, only trade when you have -5% or a +15% ? Any guide?
yes that would help and you should always have these numbers set in your head for every trade but this is not the first step. this is more like the final step after you did everything else where you just put a safety net for yourself.
the first step that you should take is to choose your investment wisely! master timing! and have a perfect plan. if you buy a coin at the right time you won't even need these percentages. they are just there as last stance.
Your Stop Loss must be the same as your take profit range. If you set your trade at 5% take profit gain. then your stop loss will be - 5%. Just always accept the market movement and don't let your loss accumulate.
I don't set exit target like -5% or 5% and so forth. I simply find nearest resistance to get my position off. When my target is reached, I will sell it to find other undervalued coins. It is just a simple rule anyway. Buy low sell high. That's it. However, there are still other coins which are worth to hold for a long term like EOS. I don't really care when it falls because I believe it will rise up.
When I do trading, I am setting my profit before I sell my coins. For example, I will set 20-30% of my profit. In a few days or weeks when my target profit was reached, then that is the time I will trade my coins. But not all of my coins are doing that kind of strategy. There are still coins that I still hodl and worth to be kept in a long term so I can gain higher profits like eth and bth.
Do you ever use stop loss?
When I do trading, I am setting my profit before I sell my coins. For example, I will set 20-30% of my profit. In a few days or weeks when my target profit was reached, then that is the time I will trade my coins. But not all of my coins are doing that kind of strategy. There are still coins that I still hodl and worth to be kept in a long term so I can gain higher profits like eth and bth.
You can avoid losses in trading just only remember buy low sell high. When there is a pump sell that coin and when there is a dump buy. But pick a good coin to be trade that will 100% have a volume. Dont trade unfqmiliar.coin that can be dump forever.
What do you guys think is a good approach to avoid losses when you trade?
Do you guys set a number before selling, for example, only trade when you have -5% or a +15% ? Any guide?
Do you guys set a number before selling, for example, only trade when you have -5% or a +15% ? Any guide?
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